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Comerica Bank Closes Debt Refinancing, Expansion with CS Disco

March 24, 2017, 08:00 AM
Filed Under: Software

CS Disco, the Houston-based eDiscovery software company which develops software as a service (SaaS) solutions developed by lawyers for lawyers, today announced the closing of a new debt refinancing and expansion with Comerica Bank's Technology and Life Sciences (TLS) Division.

"CS Disco is reinventing legal technology to automate and simplify complex tasks that create efficiencies and reduce errors at law firms," said Tim Klitch, Managing Director, Comerica Bank, TLS Division.  "We're thrilled to provide the financing they need to continue on their path to rapid growth."

CS Disco raised a large Series C round last July and sought expanded financing facilities to meet the growing demand for the software. DISCO has been embraced by more than 400 law firms, including 60 of the top AmLaw 200, as their first choice for innovative technologies that enhance the practice of law to help secure justice and win cases. DISCO's industry leading eDiscovery software is an example, and it is the fastest growing eDiscovery solution in North America.

"Comerica's commitment to the SaaS market is evidenced by not only their understanding of the challenges facing companies like ours but also their willingness to provide financing options that enable us to invest in industry leading technology," said Gregory McCracken, CFA, CPA, CS Disco. "Comerica is truly the perfect banking partner for us."

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